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Ego Death Capital Co-founder: The core of Bitcoin culture is to question everything, and "institutional behavior" may affect the long-term value of BTC.
According to ChainCatcher news and a report by CoinTelegraph, Preston Pysh, co-founder of the Bitcoin venture capital firm Ego Death Capital, stated in a recent podcast interview that the skepticism of early Bitcoin adopters towards institutional trends will not disappear anytime soon. In a conversation with Natalie Brunell of the Coin Stories podcast, Pysh pointed out that institutional involvement in Bitcoin-related “institutional behaviors,” such as Bitcoin derivatives trading, has raised concerns within the Bitcoin community about its long-term impact, leading people to question whether Bitcoin can still serve as a safe-haven asset like it did in the past. Pysh emphasizes that the core of Bitcoin culture is to question everything and doubt everything, and that the way institutions participate will be completely different from individuals, which makes it difficult for the Bitcoin community to accept.